Cantor Fitzgerald Estimates Lucid Group FY2026 Earnings

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of Lucid Group in a report released on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($0.81) per share for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $3.00 target price on the stock. The consensus estimate for Lucid Group's current full-year earnings is ($1.25) per share.

Several other brokerages also recently weighed in on LCID. Cowen started coverage on Lucid Group in a research note on Thursday, March 6th. They set a "hold" rating for the company. TD Cowen started coverage on Lucid Group in a research note on Friday, March 7th. They set a "hold" rating and a $2.30 target price for the company. Redburn Atlantic downgraded Lucid Group from a "neutral" rating to a "sell" rating and decreased their target price for the company from $3.50 to $1.13 in a research note on Monday, February 24th. Needham & Company LLC restated a "hold" rating on shares of Lucid Group in a research note on Wednesday, February 26th. Finally, Morgan Stanley upgraded Lucid Group from an "underweight" rating to an "equal weight" rating and set a $3.00 target price for the company in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $2.68.

Lucid Group Stock Performance

NASDAQ:LCID traded down $0.06 during mid-day trading on Wednesday, hitting $2.10. 102,636,629 shares of the company's stock traded hands, compared to its average volume of 77,719,667. The firm has a 50 day moving average of $2.45 and a two-hundred day moving average of $2.59. Lucid Group has a 12 month low of $1.93 and a 12 month high of $4.43. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of -1.57 and a beta of 0.81. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77.

Lucid Group (NASDAQ:LCID - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Lucid Group had a negative return on equity of 74.67% and a negative net margin of 406.63%. The company had revenue of $235.05 million for the quarter, compared to the consensus estimate of $250.50 million. During the same quarter last year, the company posted ($0.27) EPS. The business's revenue was up 36.1% compared to the same quarter last year.

Hedge Funds Weigh In On Lucid Group

Large investors have recently added to or reduced their stakes in the company. Sterling Investment Counsel LLC acquired a new position in shares of Lucid Group in the 1st quarter worth approximately $25,000. HB Wealth Management LLC acquired a new position in shares of Lucid Group in the 1st quarter worth approximately $25,000. Grimes & Company Inc. acquired a new position in shares of Lucid Group in the 1st quarter worth approximately $27,000. Integrity Alliance LLC. acquired a new position in shares of Lucid Group in the 1st quarter worth approximately $27,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Lucid Group in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 75.17% of the company's stock.

Lucid Group Company Profile

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.